Wednesday, January 16, 2008

Carter's Grove Plantation - Sold $15.3 million

The Colonial Williamsburg Foundation has sold Carter's Grove Plantation - an 18th century mansion built by one of Virginia's founding families - for $15.3 million.

Mr. Halsey Minor purchased the property, which includes a Georgian style mansion and 400 acres that are subject to a conservation easement, as well as 76 acres adjoining the property.

Minor says he'll use the site as a residence and center for a thoroughbred horse breeding program.

The property was purchased in 1709 by Virginia planter Robert "King" Carter. The foundation has owned the 35-room, two-story home and land since 1969.

Citing financial pressure, the foundation announced plans to close Carter's Grove to the public in 2002. The home was shuttered in 2003.

Robert Carter can be linked to many Petersburg and Dinwiddie County's early residents.
Halsey Minor (born 1964 in Charlottesville, Virginia) is a technology entrepreneur who founded CNET in 1993 (initial plans for the company began in 1992). Minor ran CNET for 8 years during which time it became one of the Internet's first companies to achieve profitability. The company's many achievements were recognized in 1999 when CNET was selected as one of only 2 Internet companies to join the elite NASDAQ 100 which included companies such as Intel, Microsoft, Cisco, Home Depot, and Dell. Minor also developed 2 other spin-off companies which independent of CNET became public entities: Vignette Software and Snap/NBCi. Minor is currently investing in new companies in a broad range of fields via Minor Ventures.
Minor attended Woodberry Forest School and the University of Virginia, where he was a member of St. Elmo Hall and received a degree in anthropology. After graduation, he worked at Merrill Lynch, before moving on to start his own company. In the late 1980s, he collaborated briefly with Jeff Bezos, the future founder of on a personalized news business plan. Minor was also the founding and largest investor as well as silent partner in the development of
On September 4, 2007, Minor announced the development of a new 5 star hotel located in downtown Charlottesville. The hotel is intended to be 10 stories and continue the ongoing revitalization of historic downtown Charlottesville.

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